IRVING — Regent Place, a 41,839-square-foot office property located at 1304 W. Walnut Hill Ln. in Irving, has changed hands for an undisclosed amount. A Coppell, Texas-based limited liability company purchased the property from a Washington, D.C.-based partnership. Craig Lewin, Patrick Giles, Josh Levy and Marty Cohan of Marcus & Millichap represented the seller, and the property was approximately 55 percent occupied at the time of the sale.
DALLAS — The grand opening has been held for the new Stephen B. Swann Athletic and Wellness Center at the campus of the Episcopal School of Dallas. The 114,000-square-foot facility contains a competitive gymnasium, an indoor running track, workout rooms, a dance studio, sports medicine facilities, locker rooms, a team room, coaching offices, and concessions and equipment storage areas. The facility also contains a 480-seat dining commons, offices for school auxiliary services and a campus bookstore. The development team for the project included ARC/Architecural Resources Cambridge and The Beck Group.
ARLINGTON — Marcus & Millichap has completed the sale of a Burger King located in Arlington. The 4,297-square-foot, freestanding building is situated at 3500 Matlock Road. Burger King currently has 7 years remaining on its 20-year absolute net-lease, with two 5-year options. Philip Levy of Marcus & Millichap's Fort Worth office and Jason Vitorino of the firm's Dallas office represented the seller, a limited liability company, and the buyer, a private investor.
OKLAHOMA CITY — Tremont Realty Capital has arranged $4.32 million in acquisition financing for a three-property mobile home community portfolio in Oklahoma City. The portfolio contains a total of 428 home sites and 47 RV sites. The communities are Granada Village, Anchor Inn and Airway Estates. The loan carries a 5-year term, a 6.25 percent fixed interest rate and a 65-percent loan-to-value ratio. Tom Lorenzini of Tremont's Chicago office arranged the deal through a local bank on behalf of the undisclosed borrower, which was completing the acquisition as part of a 1031 exchange.
HOUSTON — Situs has completed the REO sale of an 18.7-acre property located in Houston. The parcel is situated at the corner of Bellaire Boulevard and Fondren Road near Sharpstown Mall. It was formerly the home of Gillman Automotive Group, which vacated the site 7 years ago. The buyer was St. Agnes Academy, a Catholic high school that is located 1 mile west of the property. The Situs team of Martin Bronstein, Maury Bronstein, Randall Tuller and John Wall, Jr., represented the seller, Kennedy Funding. Situs' Rodney Lerner represented the buyer.
SAN ANTONIO — Aviat Networks has signed a lease for 23,293 square feet of office space at Network Crossing, which is located at 5250 Prue Road in San Antonio. The company previously sold its San Antonio facility, which was located in University Business Park. Keith Zimmerman of UGL Equis represented Aviat in lease negotiations. Russell Noll and Kelly Ralston of Transwestern represented the landlord, TDC Prue Road LP.
HOUSTON — Houston-based Q10 Kinghorn, Driver, Hough & Co. has arranged a $2.5 million loan for the refinancing of a 64,086-square-foot office building located in Houston. Q10's Larry Peters arranged the deal, which consisted of refinancing a maturing CMBS loan, on behalf of the undisclosed borrower through Kansas City Life Insurance Co. Terms of the loan were not disclosed.
MCKINNEY — Anna's Linens has signed a lease for 10,000 square feet at Cameron Crossing, which is located at the intersection of highways 380 and 75 in McKinney. David Levinson of The Retail Connection represented the landlord, Covington Cameron Acquisition LLC. Marc Marracco Of The Weitzman Group assisted in the deal.
FARMERS BRANCH, TEXAS — Furniture company Weir's Furniture Village has acquired a 416,000-square-foot industrial property in the Dallas suburb of Farmers Branch that will serve as its new headquarters. The building is located on 16.11 acres at 4800 Spring Valley Road. It will house Weir's headquarters offices, distribution center and retail outlet store. The company will be relocating its current distribution center, which is located near the interchange of Stemmons Freeway and Mockingbird Lane in Dallas, to the new building. Tom Pearson and Chris Teesdale of Colliers International represented Weir's in the deal. Steve Berger and Dave Anderson of CB Richard Ellis represented the seller, Worldcolor, which was also the building's former occupant.
DALLAS — Marcus & Millichap has brokered the sale of West Amherst Circle, a 44-unit apartment community in Dallas. Located at 5419 W. Amherst Circle, the community was 90 percent occupied at the time of the sale. Michael Ware, Will Jarnagin and Norman Eastwood of Marcus & Millichap's Dallas office represented the seller, a court-appointed receiver. The buyer's name was not released.